Client’s circumstances: The client, a builder/contractor, was looking to buy a former piggery that had been converted into a winery/storage facility, together with a piece of land to the north of the property. The property and the land sat on two separate freehold titles.
LandlordInvest’s service: Within five working days, LandlordInvest arranged a first charge bridging loan of £108,505, with a loan term of 6 months at 54.3% LTV.
The result: The client was unable to repay the loan by the maturity date due to a refinancing offer falling through. Understanding the circumstances, LandlordInvest granted the borrower additional time to refinance the loan which was eventually paid in full.
Commercial property loans from £100,000 to £1,000,000.
Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
LandlordInvest Limited is authorised and regulated by the Financial Conduct Authority (FCA) (FRN 660926). LandlordInvest Limited is not covered by the Financial Services Compensation Scheme (FSCS).
Loans provided to borrowers through LandlordInvest are provided solely for business purposes. Loans are therefore not regulated by the Financial Services and Markets Act 2000 or the Consumer Credit Act 1974. You should seek independent legal advice if you are in any doubt as to the consequences of the loan not being a regulated agreement under those Acts.
LandlordInvest Limited (Company No. 09245725), registered office 330 High Holborn, London, WC2A 1HL
